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more Clear Channel more often

So what do you good folks make of this?  Is there anything Clear Channel 
won't own before too much longer, and how will this affect the media 
landscape?  This is from www.newsblues.com

Radio mega-monster Clear Channel Communications has agreed to acquire 
outdoor media and broadcasting company Ackerley Group in a stock deal worth 
about $495 million. (the deal values at about $800 million, including the 
assumption of about $294 million of its debt.)
Ackerley, which owns 20 stations in New York, California and Oregon, has 
been staggered by the economy. In August, their group president, Dennis 
Curley, resigned after the company chopped management salaries by 
10-percent across the board. [rest snipped]